Atul Ltd 2011-12

83 Notes to financial statements ( ` cr) NOTE 27.1 CONTINGENT LIABILITIES 2011-12 2010-11 (i) Claims against the Company not acknowledged as debts in respects of: (a) Excise 6.25 5.73 (b) Income tax 27.70 25.50 (c) Sales tax 0.74 0.74 (d) Customs 2.78 - (e) Water charges 68.63 65.50 (f) Others 13.26 11.00 Note: Future cash outflows in respect of (a) to (f) above are determinable on receipt of judgements | decisions pending with various forums | authorities. (ii) Guarantees given by bankers of the Company: (a) Guarantees have been given by the bankers of the Company in the normal course of business and are not expected to result in any liability on the Company - 9.50 (b) Corporate guarantee to a bank on behalf of subsidiary company for facilities availed by them 1.11 1.21 ( ` cr) NOTE 27.2 COMMITMENTS 2011-12 2010-11 Estimated amount of contracts remaining to be executed on capital accounts and not provided for (net of advances) 13.97 19.70 ( ` cr) NOTE 27.3 RESEARCH & DEVELOPMENT 2011-12 2010-11 Capital expenditure 0.40 1.06 Recurring expenditure 10.48 7.76 10.88 8.82 ( ` cr) NOTE 27.4 C IF VALUE OF IMPORT, EXPENDITURE, REMITTANCES AND EARNINGS IN FOREIGN CURRENCY 2011-12 2010-11 (a) CIF value of imports: Raw materials 309.54 332.88 Trading finished goods 11.03 2.84 Capital goods 5.47 2.16 (b) Expenditure in foreign currency: Commission 4.24 6.48 Other matters 8.58 13.61 (c) Other Remittances: Loan repayments 210.68 114.70 (d) Earnings in foreign currency: FOB value of exports 777.55 636.84